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Subject Name:International Financial Management 4. Recently, I want to choose an insurance program for my family, there are 2 proposals: 1. The premium is $11854

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Subject Name:International Financial Management

4. Recently, I want to choose an insurance program for my family, there are 2 proposals: 1. The premium is $11854 per year, I must to pay 10 years, and the sum insured is 1 million 2. The premium is $1222.5 per year, I must to pay 25 years, and the sum insured is 150000 Required: If the average interest rate is 10%, decide which one is better? Why

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